Circularizing the "Updated List of Accredited Microfinance NGOs" from the Microfinance NGO Regulatory Council

May 13, 2022 REVENUE MEMORANDUM CIRCULAR NO. 69-2022 SUBJECT : Circularizing the "Updated List of Accredited Microfinance NGOs" from the Microfinance NGO Regulatory Council TO : All Internal Revenue Officials, Employees and Others Concerned For the information and guidance of all internal revenue officials, employees and others concerned, attached herewith is the "UPDATED LIST OF ACCREDITED MICROFINANCE NGOs" dated April 4, 2022 from the Microfinance NGO Regulatory Council . All internal revenue officials and employees are hereby enjoined to give this Circular as wide a publicity as possible. CAESAR R. DULAY Commissioner of Internal Revenue By: (SGD.) MARISSA O. CABREROS Deputy Commissioner Legal Group Officer-in-Charge ATTACHMENT MICROFINANCE NGO REGULATORY COUNCIL 4 April 2022 COMMISSIONER CAESAR R. DULAY BUREAU OF INTERNAL REVENUE Room 511, BIR National Office Building BIR Road, Diliman, Quezon City 1101 Metro Manila RE : UPDATED LIST OF ACCREDITED MICROFINANCE NGOs Dear Commissioner Dulay: Pursuant to Section 20 of Republic Act No. 10693 (R.A. No. 10693), otherwise known as the "Microfinance NGOs Act"; Rule 6, Sections 1 and 2 of its Implementing Rules and Regulations (IRR); Section 6 of the Bureau of Internal Revenue (BIR) Revenue Regulations No. 3-2017; and Item A.1 of BIR Revenue Memorandum Circular No. 91-2018, the Microfinance NGO Regulatory Council (MNRC or Council) is transmitting herewith the list of duly registered Microfinance NGOs (MF-NGOs) accredited by the MNRC as of date. Under the IRR of the Microfinance NGOs Act, a Certificate of Accreditation shall be valid for a period of three (3) years from the date of issuance, unless earlier revoked by the Council for good cause after review. Therefore, listed hereunder are the thirty-two (32) MF-NGOs accredited by the Council as of date. Please note that the table below provides the MF-NGOs with unexpired certificates of accreditation and those accredited for the period 2022 to 2025: 1 NAME OF MICROFINANCE NGO CERTIFICATE OF ACCREDITATION NO. DATE OF ISSUANCE DATE OF PRIOR MNRC ACCREDITATION MF-NGOs WITH UNEXPIRED CERTIFICATES OF ACCREDITATION 1. PEOPLE'S ALTERNATIVE LIVELIHOOD MICROFINANCE FOUNDATION OF SORSOGON (PALMFS), INC. 0026-19 15-May-19 28-Mar-19 2. TULAY SA PAG-UNLAD, INC. (A MICROFINANCE NGO) 0027-19 15-May-19 28-Mar-18 3. KATUWANG RESOURCE CENTER, INC. (A MICROFINANCE NGO) 0028-19 14-Jun-19 11-Jul-18 4. USWAG DEVELOPMENT FOUNDATION, INC. (A MICROFINANCE NGO) 0029-19 10-Dec-19 N/A 5. KPS-SMALL ENTERPRISE AND ECONOMIC DEVELOPMENT, MICROFINANCE, INC. 0001-20 27-Jan-20 28-Mar-18 6. URBAN PROGRAM FOR LIVELIHOOD FINANCE & TRAINING (UPLIFT) PHILIPPINES MICROFINANCE, INC. 0001-21 29-Jan-21 28-Mar-18 7. SPES PAUPERUM FOUNDATION (SPFI) MICROFINANCE NGO, INC. 0002-21 25-Aug-21 28-Mar-18 ACCREDITED MF-NGO FOR THE PERIOD 2022 TO 2025 8. ASA PHILIPPINES FOUNDATION, INC. (A MICROFINANCE NGO) 0001-22 1-Mar-22 1-Mar-19 9. SEDP-SIMBAG SA PAG-ASENSO, INC. (A MICROFINANCE NGO) DOING BUSINESS UNDER THE NAME AND STYLE OF SEDP-SIMBAG MICROFINANCE [FORMERLY: SEDP-SIMBAG SA PAG-ASENSO, INC. (A MICROFINANCE NGO) DOING BUSINESS UNDER THE NAME AND STYLE SEDP-SIMBAG] 0002-22 1-Mar-22 1-Mar-19 10. SAKLAW FOUNDATION, INC. (A MICROFINANCE NGO) 0003-22 1-Mar-22 1-Mar-19 11. ALALAY SA KAUNLARAN MICROFINANCE SOCIAL DEVELOPMENT, INC. 0004-22 1-Mar-22 1-Mar-19 12. ARDCI MICROFINANCE, INCORPORATED 0005-22 21-Mar-22 21-Mar-19 13. COMMUNITY ECONOMIC VENTURES, (A MICROFINANCE NGO), INC. 0006-22 28-Mar-22 28-Mar-19 14. CORDILLERA COMMUNITY MICROFINANCE (CCMI), INC. 0007-22 1-Mar-22 1-Mar-19 15. JAIME V. ONGPIN MICROFINANCE FOUNDATION, INC. 0008-22 1-Mar-22 1-Mar-19 16. JMH MICROFINANCE, INC. 0009-22 1-Mar-22 1-Mar-19 17. KABALIKAT PARA SA MAUNLAD NA BUHAY, INC. (A MICROFINANCE NGO) 0010-22 1-Mar-22 1-Mar-19 18. KASANYANGAN CENTER FOR COMMUNITY DEVELOPMENT AND MICROFINANCE FOUNDATION, INC. 0011-22 28-Mar-22 28-Mar-19 19. KAZAMA GRAMEEN MICROFINANCE, INC. 0012-22 1-Mar-22 1-Mar-19 20. LIFEBANK MICROFINANCE FOUNDATION, INC. DOING BUSINESS UNDER THE NAME/S AND STYLE/S OF LIFEBANK FOUNDATION 0013-22 1-Mar-22 1-Mar-19 21. NEGROS WOMEN FOR TOMORROW FOUNDATION, INC. (A MICROFINANCE NGO) DOING BUSINESS UNDER THE NAME/S AND STYLE/S OF NEGROS WOMEN FOR TOMORROW FOUNDATION, INC. OR NWTF 0014-22 28-Mar-22 28-Mar-19 22. RANGTAY SA PAGRANG-AY MICROFINANCE, INC. 0015-22 1-Mar-22 1-Mar-19 23. SERVIAMUS FOUNDATION, INCORPORATED DOING BUSINESS UNDER THE NAME & STYLE OF SERVIAMUS MICROFINANCE 0016-22 21-Mar-22 21-Mar-19 24. SURIGAO ECONOMIC DEVELOPMENT AND MICROFINANCE FOUNDATION, INC. 0017-22 1-Mar-22 1-Mar-19 25. BAYAN ENTERPRISE DEVELOPERS, GROWERS AND EVOLVERS-MICROFINANCE AND BUSINESS SERVICES, INC. 0018-22 21-Mar-22 21-Mar-19 26. ECLOF PHILIPPINES MICROFINANCE, INC. 0019-22 21-Mar-22 21-Mar-19 27. PAGASA NG MASANG PINOY MICROFINANCE, INC. 0020-22 21-Mar-22 21-Mar-19 28. RAFI MICRO-FINANCE, INC 0021-22 21-Mar-22 21-Mar-19 29. ST. ELIZABETH COMMUNITY DEVELOPMENT PROGRAM (SECDEP), INC. (A MICROFINANCE NGO) 0022-22 21-Mar-22 21-Mar-19 30. CENTER FOR AGRICULTURE AND RURAL DEVELOPMENT (CARD), INC. (A MICROFINANCE NGO) 0023-22 21-Mar-22 21-Mar-19 31. AHON SA HIRAP, INC. (A MICROFINANCE NGO) 0024-22 28-Mar-22 28-Mar-19 32. TAYTAY SA KAUSWAGAN (A MICROFINANCE NGO), INC. 0025-22 28-Mar-22 28-Mar-19 Subsequent accreditations shall be communicated to your office upon approval of the Council. For your information. Thank you. Very truly yours, (SGD.) EMILIO B. AQUINO Chairperson Footnotes 1. MNRC Memorandum Circular No. 2, Series of 2021 provides for the Guidelines of Accreditation of the MF-NGOs for the Period 2022 to 2025, including the procedure for MF-NGOs seeking re-accreditation. This is an ongoing process. The twenty-five (25) MF-NGOs in the table are those re-accredited by the Council as of date.